The operating profit of the ASEE Group in Q3 2024 up 11%
The company has published its financial results for the third quarter of 2024, which are better compared to the results of the previous year.
Warsaw, 24 October 2024 r.: The ASEE Group (WSE: ASEECOSEE, ASE) has published its financial results for the third quarter of 2024, in which the company's sales revenues reached EUR 103.7 million, an increase of EUR 15.4 million compared to the third quarter of the previous year.
The ASEE Group's revenues increased in the third quarter of 2024, both from the sale of its own services, mainly due to SaaS solutions and subscriptions, as well as from the sale of third-party solutions. The largest, double-digit sales revenue growth, 23% (EUR 26.7 million), compared to the same period last year, was achieved in the third quarter by Payment Solutions, where sales revenues amounted to EUR 144.1 million.
The operating profit of the ASEE Group reached EUR 14.9 million in the third quarter of 2024, representing an 11% increase, while the EBITDA for the third quarter amounted to EUR 20.8 million, a 12% increase compared to the third quarter of 2023.
On the other hand, the consolidated net profit of the ASEE Group for the third quarter of 2024 amounted to EUR 13.1 million, which represents a 7% decrease compared to the same period last year.
The ASEE Group's order book (backlog) in October 2024 reached a value in margin 1 amounting to EUR 65.4 million, representing a 15% increase compared to the fourth quarter of 2023.
- The improvement in the ASEE Group's financial results in the third quarter of 2024 is mainly due to the increased scale and efficiency of sales in the Payment Solutions segment, driven primarily by the eCommerce line, payment transaction processing, and the line responsible for payment terminals and services (POS related services). To a lesser extent, it was also due to the increased scale of operations in the other lines within the segment.- commented Piotr Jeleński, ASEE & Payten Group CEO.
About ASEE
The ASEE Group is one of the largest IT companies in the field of developing and implementing its own software, as well as providing IT services in the region of Southeast Europe, Turkey, Spain, Portugal, Andorra, Colombia, Peru, the Dominican Republic, Slovakia, and the Czech Republic, India and UAE. The company offers ICT solutions for various sectors of the economy, including finance, payment services, public administration, and telecommunications. Its operations in the payment sector are conducted under the Payten brand. Since October 2009, ASEE shares (WSE: ASSECOSEE, ASEE) have been listed on the Warsaw Stock Exchange. The ASEE Group employs over 4,200 people in 24 countries. Most of the 15 largest banks in Southeast Europe are clients of ASEE.
Contact:
Monika Perek, CMO
ASEE
Ul.Branickiego 13, 02-972 Warszawa
Tel.: +48 22 574 86 38, monika.perek@asee.io, www.asseco.com/see